U.S wants Mike Lynch to pay back 800m of gains from selling Autonomy

L

learner88

This begs the question. Why didn't U.S force the Wall Street bankers who caused the 2008 financial crisis to pay back their ill-gotten gains? Any prominent bankers been charged so far?

https://www.ft.com/content/6e63c9e0-f445-11e8-ae55-df4bf40f9d0d

The US has filed criminal charges against Mike Lynch, one of Britain’s most prominent tech executives and investors, over the sale of UK software company Autonomy to Hewlett-Packard seven years ago. The charges, which carry a maximum penalty of 20 years in prison, include 14 counts of conspiracy and fraud. The US has also sought to force Mr Lynch to forfeit $815m of gains made from selling Autonomy.
 
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learner88 said:
This begs the question. Why didn't U.S force the Wall Street bankers who caused the 2008 financial crisis to pay back their ill-gotten gains? Any prominent bankers been charged so far?
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Yes, Abacus got charged with mortgage fraud. It was a landmark case, prosecuted by Cyrus Vance.
 
learner88 said:
This begs the question. Why didn't U.S force the Wall Street bankers who caused the 2008 financial crisis to pay back their ill-gotten gains? Any prominent bankers been charged so far?
More...

They're American and he is not, that's pretty much it.
He should pull a Stevie Cohen, "I didn't know anything about anything".
 
learner88 said:
This begs the question. Why didn't U.S force the Wall Street bankers who caused the 2008 financial crisis to pay back their ill-gotten gains? Any prominent bankers been charged so far?

https://www.ft.com/content/6e63c9e0-f445-11e8-ae55-df4bf40f9d0d

The US has filed criminal charges against Mike Lynch, one of Britain’s most prominent tech executives and investors, over the sale of UK software company Autonomy to Hewlett-Packard seven years ago. The charges, which carry a maximum penalty of 20 years in prison, include 14 counts of conspiracy and fraud. The US has also sought to force Mr Lynch to forfeit $815m of gains made from selling Autonomy.
More...
This was straight up accounting fraud like Enron and WorldCom and Tyco and.... In each of those cases the C-suite was prosecuted and many are still in prison. What specific crime by what specific banker would you like to see prosecuted? Note, it has to be breaking an actual specific law and an actual specific action. I see a lot of this Occupy style "make em pay" sentiment but always so light on specifics.
 
Call me stupid, but before I pay 11 B for a company, shouldn't I call out a mechanic to look at the engine instead of just kicking the tires?
 
maybe I am really un infomred.... but how can USA press charges against a non-USA citizen?
does he live in USA? or work in USA?
 
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